Your UCC record in California
Funders file a UCC-1 financing statement with the California Secretary of State bizfile Online UCC Search to put other creditors on notice. Search it by your exact legal business name. Lien position: a UCC filing names a secured party, not who gets paid first.
Levraq reads this registry: 255 filings naming a known MCA funder are on record, last read 2026-09-23. This is one state's registry, not national coverage. A matching filing shows on your Debt Pressure Report; no match is not proof that nothing was filed.
Commercial financing disclosure in California
California Financial Code §§22800–22807 (SB 1235, 2018) with DFPI regulations at 10 CCR §900 et seq., effective 2019-01-01 as a statute, with the disclosure duty in force from 2022-12-09 when the DFPI rules took effect: A provider making a specific commercial financing offer, including purchases of future receipts (how the statute classifies MCAs), must give and get the recipient's signature on a disclosure of total funds provided, total dollar cost, term or estimated term, payment method, frequency and amount, prepayment policy and the cost as an annualized rate. Threshold stated in the statute: offers of $500,000 or less (§22800(n)). Source, checked 2026-11-04.
Confession of judgment in California
California Code of Civil Procedure §1132 (SB 688, 2022): a judgment by confession is unenforceable and may not be entered in any California superior court for confessions obtained or entered on or after 2023-01-01. Source, checked 2026-11-04.
Work the numbers
Two calculators that need nothing from any registry: the annualized cost of an advance, and the share of revenue going to remittances. The Debt Check combines both with what you report.
Total payback
$67,500
Advance × factor rate
Cost of the advance
$17,500
Payback minus advance
Simple annualized rate
71%
Cost ÷ advance × 365 ÷ term days. Not a compounded APR; the true cost of a daily-remittance advance is higher because the balance falls while the fee does not.
Average daily payment
$375
Payback ÷ term days
Monthly remittance
$9,450
Daily × 21 business days
Remittance-to-revenue
24%
Between 10% and 25%: Strained in the Debt Check rule.
Paid to advances per year
$113,400
At today's pace
UCC coverage is five states (CT, CO, OR, FL, CA) plus SEC filers; no match is not proof of no filing. Informational only, not legal or financial advice. Levraq is a diagnostic and referral service, not a lender, law firm or debt-settlement company. See about.
Run the Debt Check for a California business
